Polaris Industries Upgraded to Outperform by Zacks (PII)
Polaris Industries (NYSE:PII) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday, AnalystRatings.NET reports. The firm currently has a $135.30 price objective on the stock. Zacks‘ price target indicates a potential upside of 4.12% from the stock’s previous close.
PII has been the subject of a number of other recent research reports. Analysts at UBS AG set a $142.00 price target on shares of Polaris Industries in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Longbow Research reiterated a “buy” rating on shares of Polaris Industries in a research note to investors on Tuesday, September 24th. They now have a $138.00 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of Polaris Industries from $134.00 to $146.00 in a research note to investors on Tuesday, September 24th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Polaris Industries currently has a consensus rating of “Buy” and a consensus target price of $121.37.
Polaris Industries (NYSE:PII) traded down 2.35% on Tuesday, hitting $126.89. 739,317 shares of the company’s stock traded hands. Polaris Industries has a one year low of $78.83 and a one year high of $135.38. The stock has a 50-day moving average of $120. and a 200-day moving average of $102.0. The company has a market cap of $8.737 billion and a P/E ratio of 27.24.
Polaris Industries (NYSE:PII) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.11 by $0.02. The company had revenue of $844.80 million for the quarter, compared to the consensus estimate of $838.75 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.
Polaris Industries Inc (NYSE:PII) designs, engineers and manufactures off-road vehicles (ORV), including all-terrain vehicles (ATV) and side-by-side vehicles for recreational and utility use, snowmobiles, and on-road vehicles, including motorcycles and small electric vehicles (SEV), together with the related replacement parts, garments and accessories (PG&A).
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